[164 Pages Report] The automotive camera market is estimated to be USD 7.5 billion in 2018 and is projected to reach USD 15.1 billion by 2025, at a CAGR of 10.62% during the forecast period. Increasing consumer demand for active safety systems is projected to drive the automotive camera market.

Thermal camera is expected to be the fastest growing segment in the automotive camera market, by technology, during the forecast period.

With the steady development of autonomous cars, the thermal camera segment is estimated to grow at the highest rate during the forecast period. The thermal camera is used in a night vision system and reduces the probability of accidents. These cameras can also work at night and adverse weather conditions such as rain, fog, and snow. These benefits of the thermal camera can help increase the safety of autonomous vehicles. The increasing level of automation in vehicles will fuel the demand for thermal cameras.

The hybrid electric vehicle (HEV) segment is expected to be the largest contributor in the automotive camera market, by electric vehicle type, during the forecast period.

The HEV segment is estimated to dominate the automotive camera market during the forecast period. Factors such as the implementation of strict emission norms by several governments, the rise in ecological imbalance due to excessive carbon emission, and less energy consumption are promoting the growth of HEVs. Furthermore, HEVs are premium vehicles that are equipped with advanced features such as lane departure warning, intelligent park assist, pedestrian detection, and driver monitoring. The inclusion of advanced features in these vehicles would inflate the demand for automotive cameras. Thus, the increasing consumer base for the non-conventional segment of vehicles would boost the automotive camera market.

Multi camera system is expected to grow at the highest CAGR during the forecast period.

The multi camera system segment is expected to grow at the highest CAGR in the automotive camera market during the forecast period. Multi camera systems play a major role in the development of autonomous vehicles. Multi camera system provides added benefits to achieve higher autonomy levels. The growth of semi-autonomous and autonomous functions is likely to fuel the demand for multi camera technology in the near future. Initially, this system was used in the luxury vehicle segment because of its high cost. However, companies are now promoting multi camera systems as a differentiating factor for their mid-priced and economic vehicles.

The key players in the automotive camera market are Continental (Germany), Robert Bosch (Germany), Valeo (France), Aptiv (Ireland), Magna (Canada), Autoliv (Sweden), Ficosa (Spain), Intel (Mobileye) (US), and Clarion (Japan). Robert Bosch is anticipated to be a dominant player in the automotive camera market. Robert Bosch adopted the strategies of new product development, partnership, and mergers & acquisitions to retain its leading position in the automotive camera market. The company strengthened its product portfolio and increased its global presence by building customer relationships. It has also increased its presence in emerging markets such as India.

Recent Developments

In October 2018, Continental developed a Virtual A-Pillar to help remove forward blind spots. The Continental Virtual A-Pillar tracks the drivers movements using an interior camera mounted just above the steering wheel. At the same time, its Surround View camera, mounted on the vehicles exterior, feeds a live video of the vehicles external environment to the OLED displays embedded in the A-pillars.

In June 2018, Aquantia, Robert Bosch, Continental, NVIDIA, and Volkswagen announced the formation of the Networking for Autonomous Vehicles (NAV) Alliance to drive the ecosystem development required for the next generation of Multi-Gig Ethernet networking in vehicles.

In March 2017, Intel announced the acquisition of Mobileye, a company it has partnered with to develop the self-driving automobile technology. Intel purchased 84% of Mobileye's outstanding ordinary shares, and the company is now an Intel subsidiary.

Key Questions addressed by the report

How will the developments in automotive safety features impact the automotive camera industry in the mid- to long-term?

How will the increasing adoption of electric vehicles and government safety norms impact the automotive camera market?

What are the new application areas of the automotive camera?

Which are the key players in the market and how intense is the competition?

How will the advent of autonomous vehicles impact the market?

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7 Automotive Camera Market, By Application (Page No. - 50) 7.1 Introduction 7.2 Park Assist 7.2.1 The Incresing Mandates Related to Back Up Camera Will Drive the Market for Automotive Camera for Park Assist Function 7.3 Adas 7.3.1 Europe is Expected to Be the Largest Market for Automotive Cameras for Adas Application in 2018

8 Automotive Camera Market, By Technology (Page No. - 56) 8.1 Introduction 8.2 Digital Camera 8.2.1 The Digital Camera Market in Asia Pacific Region is Expected Grow at the Highest CAGR During the Forecast Period 8.3 Infrared Camera 8.3.1 The High Cost of Infrared Cameras is A Major Challenge for OEMS to Incorporate This Technology in Economic and Mid-Priced Vehicles 8.4 Thermal Camera 8.4.1 Europe is Estimated to Be the Largest Market for Thermal Camera Owing to A Large Number of Luxury Vehicles in the Region

9 Automotive Camera Market, By View Type (Page No. - 63) 9.1 Introduction 9.2 Single View System 9.2.1 Asia Pacific Market is Estimated to Be the Largest Market for Single View System During the Forcast Period 9.3 Multi Camera System 9.3.1 Increasing Fitment of Multi Camera System By OEMS to Achieve Higher Euro Ncap Rating is Driving the Multi Camera System Market

10 Automotive Camera Market, By Vehicle Type and Class (Page No. - 69) 10.1 Introduction 10.2 Passenger Cars 10.2.1 Economic Vehicles 10.2.1.1 Asia Pacific is Estimated to Be the Largest Market for Economic Vehicles 10.2.2 Mid-Priced Vehicles 10.2.2.1 The Increasing Production of Mid-Priced Vehicles With Advanced Safety Features is Driving the Market. 10.2.3 Luxury Vehicles 10.2.3.1 Use of Modern Technologies in the European Luxury Vehicle is Expected to Drive the Market 10.3 Commercial Vehicles 10.3.1 Light Commercial Vehicles (LCVS) 10.3.1.1 Increasing Sales of Light Commercial Vehicles in North America are Expected to Drive the Automotive Camera Market 10.3.2 Heavy Commercial Vehicles (HCVS) 10.3.2.1 Increasing Government Concerns Over Road Safety are the Key Driver for the Growth of Heavy Commercial Vehicle Segment

12 Automotive Camera Market, By Application & Region (Page No. - 87) 12.1 Introduction 12.2 Asia Pacific 12.2.1 China 12.2.1.1 China is Estimated to Be the Fastest Growing Country in the Market Owing to the Increasing Vehicle Production in the Country 12.2.2 India 12.2.2.1 Park Assist Segment Accounts for the Largest Share in the Market 12.2.3 Japan 12.2.3.1 The Park Assist Segment is Estimated to Grow at the Highest Rate in Japan During the Forecast Period 12.2.4 South Korea 12.2.4.1 Developments in the Field of Autonomous Vehicles to Drive the South KoreanMarket 12.2.5 Thailand 12.2.5.1 Largest Automotive Production Capacity Among the South-East Asian Countries 12.2.6 Rest of Asia Pacific 12.2.6.1 Increasing Sales of Premium Vehicles to Drive the Rest of Asia Pacific Market 12.3 Europe 12.3.1 France 12.3.1.1 Rising Safety Concerns Among Consumers and Government Mandates for Vehicle Safety Systems is Driving the Market in France 12.3.2 Germany 12.3.2.1 Increasing Adoption of Multi Camera Systems is Driving the German Market 12.3.3 Russia 12.3.3.1 Continuous Rise in Vehicle Sales to Drive the Russian Market 12.3.4 Spain 12.3.4.1 Increasing Production of Mid-Priced and Luxury Passenger Cars to Drive the Spanish Automotive Camera Market 12.3.5 Turkey 12.3.5.1 The Park Assist System Will Dominate the Turkish Market During the Forecast Period 12.3.6 UK 12.3.6.1 Heavy Investments By OEMS Such as Jaguar Land Rover, Nissan, and Honda is Expected to Be the Primary Growth Factor 12.3.7 Rest of Europe 12.3.7.1 The Rest of Europe Comprises Developed Countries and is Estimated to Account for A Significant Market Share in the European Camera Market 12.4 North America 12.4.1 Canada 12.4.1.1 Increasing Use of LCVS Equipped With Advanced Safety Features to Drive the Canadian Automotive Camera Market 12.4.2 Mexico 12.4.2.1 Growth of Us-Mexico Trade to Drive the Mexican Market 12.4.3 US 12.4.3.1 Development in the Field of Connected Car and Autonomous Vehicle Infrastructure to Drive the US Market 12.5 RoW 12.5.1 Brazil 12.5.1.1 Increasing Demand for Light Vehicles to Drive the Brazilian Market 12.5.2 Iran 12.5.2.1 Increasing Sales of Luxury Vehicles to Drive the Iranian Market 12.5.3 Rest of RoW 12.5.3.1 Park Assist Segment is Estimated to Be the Largest Market During the Forecast Period

The study involves four main activities to estimate the current size of the automotive camera market. Exhaustive secondary research was done to collect information on the market such as the use of camera in various applications and vehicle types. The next step was to validate these findings, assumptions, and market analysis with industry experts across value chains through primary research. A bottom-up approach was employed to estimate the complete market size of different segments considered in this study.

Secondary Research

The secondary sources referred to in this research study include automotive industry organizations such as the Organisation Internationale des Constructeurs d'Automobiles (OICA); corporate filings (such as annual reports, investor presentations, and financial statements); and trade, business, and automotive associations. Secondary data has been collected and analyzed to arrive at the overall market size, which is further validated by multiple industry experts.

Primary Research

Extensive primary research was conducted after acquiring an understanding of the scenario of the automotive camera market through secondary research. Several primary interviews were conducted with the market experts from both demand- side (OEM) and supply-side (automotive camera providers) across 4 major regions, namely, North America, Europe, Asia Pacific, and the Rest of the World (RoW). Primary data was collected through questionnaires, emails, and telephonic interviews. In our canvassing of primaries, we strived to cover various departments within organizations, which included sales, operations, and administration, to provide a holistic viewpoint of the automotive camera market in our report.

After interacting with the industry participants, we conducted brief sessions with highly experienced independent consultants to reinforce the findings from our primaries. This, along with the opinions of the in-house subject-matter experts, led us to the findings as described in this report.

Market Size Estimation

The bottom-up approach was used to estimate and validate the total size of the automotive camera market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

The key players in the industry and markets have been identified through extensive secondary research.

The industrys supply chain and market size, in terms of volume and value, have been determined through primary and secondary research processes.

All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market sizeusing the market size estimation processes as explained abovethe market was split into several segments and subsegments. All parameters that are said to affect the markets covered in this research study have been accounted for, viewed in extensive detail, and analyzed to obtain the final quantitative and qualitative data. This data has been consolidated, enhanced with detailed inputs and analysis from MarketsandMarkets, and presented in the report. The data was triangulated by studying various factors and trends in the demand and supply sides in the automotive camera market.

Report Objectives

To define, segment, analyze, and forecast the market size, in terms of volume (thousand units) and value (USD million), of the automotive camera market

To define, describe, project, and provide a detailed analysis of various factors influencing the automotive camera market based on application, view type, technology, vehicle type and class, and electric vehicle type

To project the automotive camera market across 4 key region-wise markets, namely, Asia Pacific, Europe, North America, and the Rest of the World (RoW)

To analyze regional markets for growth trends, future prospects, and their contribution to the overall market

To analyze opportunities for stakeholders and provide details of the competitive landscape for market leaders

To strategically shortlist and profile key players and comprehensively analyze their market shares and core competencies